Power Discrete Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025
The prosperity of power discrete market is a reflection of its extending application in alternative energy, commercial aviation, communication, defense, medical, automotive, and power solutions. With escalating energy needs across the world, the power grid infrastructure is getting modernized in order to generate more power, transmit and distribute it efficiently, and monitor the consumption as per the requirements of the end-user, and thereby propelling the demand in the global power discrete market. In the commercial aviation sector, technologically advanced power discrete are gaining popularity to meet the ever-increasing electronic content in new generation aircrafts.
In the security and defense sector, the reliability and flexibility offered by power discrete is highly useful for radar and other electronic warfare, guidance and control systems, autonomous weapons, and secure communication. The medical sector has also emerged as a potential end-use industry for the vendors in the global power discrete market, finding application for implantable RF and ingestible devices, monitoring and diagnostic equipment, wireless telemetry, magnetic resonance imaging (MRI) equipment, wearable wireless radio frequency (RF) monitoring devices. Power discrete makes for highly reliable and high performance products, and help in improving patient care and quality of life.
The automotive sector contributes to nearly 45% of the world’s energy consumption. As a result, it is paramount to increase the performance of each component in an automobile and power discrete systems offer flexible opportunities to make hybrid motor control devices and meet the escalating demand.
The increasing demand for insulated-gate bipolar transistor (IGBT) is contributing significantly to the growth of the power discrete market. Power discrete devices are a type of semiconductor devices that are utilized as a switch in power electronics. For instance, a switch-mode power supply is an example of power discrete device.
The report presents valuable insights into the growth trends of the global power discrete market for the 2017-2025 period. This includes a scrutiny into vital market indicators such as market drivers, market challenges, and trends in the historic years and their behavior analyzed for the future years.
The report is presented collecting data from industry-centric databases and using validated analytical tools for scrutiny of the information. Last but not the least, the report is an all-important tool for comprehending trends, opportunities, and competitive hierarchy of the global power discrete market for the 2017-2025 period.
Power discrete devices utilize next-generation materials such as SiC and GaN. This is because these materials offer speed switching, low energy loss, and great heat resistance. Power semiconductors use silicon carbide (SiC) for expansion, which includes SiC, SiC BJTs, SiC JFETs diodes, MOSFETs, and SiC Schottky. The band gap material that provides comparable benefits as SiC has better cost-reduction potential. In addition, gallium nitride (GaN) can be used by existing silicon substrates. The use of GaN helps reduce cost and facilitates mass production. The approval of SiC and GaN power semiconductors are anticipated to increase, mainly in the industrial motor drive and electric vehicle/hybrid electric vehicle segments.
The incessantly increasing demand for Insulated Gate Bipolar Transistors (IGBTs) is one of the major factors driving the global power discrete market. The use of discrete silicon-based IGBTs increases the efficacy of electronic devices that range from consumer electronics to power electronics. As a matter of fact, the use of silicon-based IGBTs contributes significantly to the advancement of power electronics.
However, the growth of the power discrete market is challenged due to several factors. Some of these are slow economic upturn in the US, Eurozone debt crisis, and natural calamities in Japan among others.
The global power discrete market is segmented on the basis of type and application. By type, Insulated Gate Bipolar Transistor (IGBT), Gallium Nitride (GaN), power rectifiers, Metal Oxide Semiconductor Field Effect Transistor (MOSFET), Silicon Carbide (SiC), and thyristors are the components of this market. On the basis of application, the power discrete market is divided into automotive, consumer, medical, cellular handsets and infrastructure, and lighting among others.
The report presents the competitive scenario of the global power discrete market profiling key companies in the market, namely Infineon Technologies AG, Mitsubishi Electric Corp., ST Microelectronics N.V., International Rectifier, Vishay Intertechnology Inc., Siward Crystal Technology, Vectron International, Fairchild Semiconductor International Inc., Toshiba Corp., Fuji Electric Co Ltd, Renesas Electronics Corp, ON Semiconductor Corp, and Tongfang Guoxin Electronics among others.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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